Sky Solar Holdings Ltd (NASDAQ:SKYS) Sees Significant Drop in Short Interest

Sky Solar Holdings Ltd (NASDAQ:SKYS) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 4,500 shares, a drop of 82.8% from the May 30th total of 26,200 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 84,800 shares, the short-interest ratio is currently 0.1 days.

Separately, BidaskClub lowered Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 15th.

NASDAQ:SKYS traded up $0.02 during trading hours on Friday, hitting $0.51. 267,282 shares of the company’s stock traded hands, compared to its average volume of 133,914. Sky Solar has a 52 week low of $0.45 and a 52 week high of $1.58. The company has a fifty day moving average of $0.53. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.78 and a current ratio of 0.78.

Sky Solar Company Profile

Sky Solar Holdings, Ltd., an investment holding company, operates as an independent power producer worldwide. The company develops, owns, and operates solar parks primarily in the downstream solar market. It also sells solar energy systems, including pipeline; and engineering, construction, and procurement services, as well as engages in building and transferring solar parks.

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